Instituto de Crédito Oficial (ICO)Spain
Created on: 2017-02-13 10:30:54
Last update: 2019-10-28 15:47:18
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About Instituto de Crédito Oficial (ICO)

The Instituto de Crédito Oficial (ICO) is a Spanish state-owned bank attached to the Ministry of Economic Affairs, Industry and Competitiveness via the State Secretariat for Economy and Enterprise Support. It has two functions: one as a credit institution and second as the State Financial Agency. The ICO Group also consists of Axis, a venture capital firm, and the Fundación ICO. ICO signed the Equator Principles in September 2016. BankTrack profiled this financial institution as part of our Equator Principles Track and Chase Project.

Website https://www.ico.es/en
Headquarters
Paseo del Prado 4
28014 Madrid
Spain
CEO/chair José Carlos Garcia de Quevedo
Chairman
Supervisor
Banco de España
Annual report Annual integrated report 2018
Ownership

The Instituto de Credito Oficial is a public organisation and as such wholly owned by the Spanish state.

Related Dodgy Deals

Instituto De Crédito Oficial (ICO) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

There are no active projects for Instituto de Crédito Oficial (ICO) now.

Projects - on record profiles

Offshore Detention Centres Australia profile

Immigration detention
Debt – corporate loan
EUR 56.82 million
26 February 2016
Participation in corporate loan to Ferrovial
source: Report Association with abuse

Dodgy Deals map

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News

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blog
external news
our news

The Nauru files: cache of 2,000 leaked reports reveal scale of abuse of children in Australian offshore detention

2016-08-10 | The Guardian
blog
external news
our news

Human rights groups call out the financial sector's association with abuse

2016-07-27 | Sydney | Get up ! Human Rights Law Centre

Documents

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csr policies

Environmental policy

date listed represents date as accessed on website
2019-10-28 00:00:00 | Instituto de Crédito Oficial
annual reports

Annual integrated report 2018

2019-07-31 00:00:00 | Instituto de Crédito Oficial
annual reports

Annual integrated report 2017

2018-03-31 00:00:00 | ICO
annual reports

Annual integrated report 2016

2017-03-31 00:00:00 | ICO
csr policies

Corporate social responsibility policy

2017-03-13 00:00:00 | ICO
ngo documents

Association with abuse

2016-07-31 00:00:00 | Get up! Human rights Law Centre
annual reports

Annual report 2015

2016-03-31 00:00:00 | Instituto de Credito Oficial
annual reports

CSR Report 2015

2016-03-31 00:00:00 | Instituto de Credito Oficial
annual reports

Corporate Governance Report 2015

2015-12-31 00:00:00 | ICO
csr policies

Code of Ethics and Conduct

2015-12-31 00:00:00 | ICO

Policies

Voluntary initiatives

Instituto de Crédito Oficial (ICO) has committed itself to the following voluntary standards:

Investment policies

ICO's webpage on corporate social responsibility can be accessed here.

Year:
csr policies

Environmental policy

date listed represents date as accessed on website
2019-10-28 00:00:00 | Instituto de Crédito Oficial
csr policies

Corporate social responsibility policy

2017-03-13 00:00:00 | ICO
csr policies

Code of Ethics and Conduct

2015-12-31 00:00:00 | ICO

Campaigns

Instituto de Crédito Oficial (ICO) and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. Instituto de Crédito Oficial (ICO) adopted the Equator Principles in 2016.

Reporting on the Equator Principles

Instituto de Crédito Oficial (ICO) must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

  • Instituto de Crédito Oficial (ICO) is in compliance with its reporting obligations. Instituto de Crédito Oficial (ICO) is still in its grace period.

Equator Principles

Implementation and reporting

Contact and complaints

Good moves

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